Ouafae Fathi
Real Estate Passive Activity Losses
I am realtor. We bought a house last year as a rental property. My spouse earns more than 150k. When filling tax return turbo Tax staff told him he can not deduct the losses ( expenses and depreciation) snice his inco...
Ivonne Pinedo
Experience with rental subsidy programs in Miami
I am looking for experiences with rental subsidy programs in Miami. Was listing your property with a housing authority your first thought? Did you ever lease to a participant and later decided not to? Why? What would ...
Mike Gennaro
How can we extract money from a 401K for RE investing? Can we use the money in our own LLC?
My friend and I own a leasing company. He has a 401k that he would like to extract some money from for use in our company. We are new to the legalities of this. Do we need him to roll over into an IRA first? Self dire...
Lois S.
Urgent-Section 8 about to be required as source of income
Received this today from East Bay Rental Housing Assn.Red Alert: Oppose SB 1053 Now!SB 1053 (Leno) forces residential rental property owners to participate involuntarily in the federal and local government's voluntary...
Melanie Baldridge
Which jobs have the potential to qualify me as a Real Estate Professional?
Here’s the answer:
To qualify as a Real Estate Professional (RE Pro) in 2024, you need to meet certain criteria set forth by the IRS.
Here are some of the key requirements:
1. Material Participation in a Real Est...
Marian Smith
Use IRA as collateral for loan to buy RE?
Does Schwab or any similar bank allow you to put up an IRA or brokerage account as collateral for a re loan? How would that work?
Pier Di Giorgio
Can a non-citizen spouse qualify as a real estate professional status REPs
Hello BP, I own several rental properties and I have a W2 medical sales job. I am recently married and my spouse is applying for a permanent resident status, she is currently on a tourist visa. Can we file next year ...
Darren Eady
Way to go BP!
I've been answering questions for months and being as helpful as possible to other members of BP and am starting to work with more and more BP participants. The other day I loaned money to a BP borrower buying an inv...
David B.
Help me figure out the Solo 401K Real Estate procedure
I appreciate everything I have read here about buying investment real estate with a Solo 401K, but am still a little confused about a couple things that I haven't read about.
First, I own a Sole Proprietorshi...
Cheng Vang
WHAT?! BP has a chat room?! No way!
So, after doing some snooping around, I just recently learned that apparently...there’s a chat room?! Check it out:
http://www.biggerpockets.com/chat/
Doesn’t seem very active...at all...but I think it can be if mor...